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Ringgit closes lower against US dollar

Mimi Sabreena 7:42:00 PM Malay Mail Online | All, Mukah Pages

KUALA LUMPUR, July 20 — The ringgit ended on an easier note against the US dollar at today’s closing following an overnight slip in global crude oil prices.

At 6pm, the local unit was quoted at 4.0240/0300 versus the greenback from 4.0000/0080 yesterday.

In a note, Hong Leong Bank said it expected the ringgit’s bearish tone to sustain against a firm greenback amid a loss of support from negative market sentiment on top of decline in oil prices.

The ringgit was weaker against a basket of major currencies.

It fell against the Singapore dollar to 2.9656/9704 from 2.9579/9643 yesterday and dropped against the yen to 3.7724/7794 from 3.7661/7747 yesterday.

Against the British pound, the ringgit weakened to 5.3060/3152 versus 5.2780/2902 yesterday and against the euro, it eased to 4.4288/4362 from 4.4244/4349 yesterday. — Bernama

from Malay Mail Online | All http://ift.tt/2aamc9x

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